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Pakistan govt sets 4.8% GDP growth target for next financial year

Pakistan has also revised down its GDP data for the financial year that ended last June to show a contraction of 0.47 per cent from one of 0.38 per cent

India's Mahindra sees demand rebound but chip crunch, pandemic hurt

By Chandini Monnappa and Aditi Shah

EU regulator backs Pfizer-BioNTech Covid-19 vaccine for adolescents

Inoculating children and young people is considered a critical step toward reaching "herd immunity" and taming the pandemic

Wall Street stock indices open higher, unshaken by inflation surge

Although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.

Oil inches higher as upbeat demand outlook counters supply concerns

Brent was up 33 cents, or 0.5%, at $69.79 a barrel by 1333 GMT

M&M expects chip crunch going forward, pandemic to hurt first quarter

Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections

Oil prices steady as Iran supply concerns offset demand outlook

Brent crude was down 16 cents, 0.2%, to $69.30 a barrel by 0809 GMT

European shares at record high on gains in financials, US spending plan

Bank stocks at 15-month high; travel and leisure stocks best weekly performers

Gold prices dip as dollar, bond yields rise; US inflation data in focus

U.S. gold futures slipped 0.3% to $1,892.30.

Oil prices little changed as Iran concerns offset rosy demand outlook

Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

China's factory activity seen growing steadily in May: Reuters poll

China's industrial output saw months of expansion following a Covid-induced slump, although high raw materials costs continue to weigh on the outlook

NSE's Nifty50 index hits record high ahead of crucial GST Council meeting

Financials and materials stocks gained ahead of the 43rd GST Council meet to be chaired Finance Minister Nirmala Sitharaman later in the day

Group behind SolarWinds hack now targetting govt agencies, NGOs: Microsoft

The group behind the SolarWinds cyber attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft Corp said

Gold subdued as dollar, yields tick up ahead of US inflation data

Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.

Asian stocks extend global rally to seventh day; US stimulus in focus

Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month

Gold flat as dollar and yields firm up ahead of US inflation data

An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

US inflation data will be released later in the day on Friday

Covid toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Renewed restrictions have stalled economic activity, leaving many millions out of work and pushing economists to downgrade their views for the second time since early April

Indian states' fisc to depend on Covid infections, vaccinations: Icra

The rating agency has said that there may be a considerable variation across states depending on the impact of the Covid-19 infections, restrictions and vaccinations